[ 572GVWLEMAK20 ] KS Introductory Macroeconomics
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| Workload |
Education level |
Study areas |
Responsible person |
Hours per week |
Coordinating university |
| 3 ECTS |
B1 - Bachelor's programme 1. year |
Economics |
Jochen Güntner |
2 hpw |
Johannes Kepler University Linz |
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| Detailed information |
| Pre-requisites |
(*)keine
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| Original study plan |
Bachelor's programme Economics and Business 2020W 2023W |
| Objectives |
Students know basic concepts of macro-economic theory for closed economies and empirical business cycle regularities. They are able to use these concepts to analyze typical scenarios (e.g. economic recessions, effects of fiscal and monetary policy measures). They can read and understand general and specialized newspaper articles about national and global economic developments. Students know how equilibrium output is determined in the goods market, how equilibrium interest rates and the quantity of money are determined in financial markets, how goods and financial markets interact, and how monetary and fiscal policy is conducted in developed economies. They know how the labor-market equilibrium influences the economy in the medium run and that there is a long-run trade-off between the unemployment rate and the rate of inflation.
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| Subject |
- Introduction
- National Income Accounts
- The Goods Market
- Financial Markets
- The IS-LM Model
- The Extended IS-LM Model
- The Labor Market
- The Phillips Curve
- The IS-LM-PC Model
- Okun’s Law
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| Criteria for evaluation |
Written Multiple-Choice (MC) Final Exam and Retake Exam
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| Methods |
Lecture, numerical example, graphical derivation of models
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| Language |
German |
| Study material |
Blanchard, O. und G. Illing: Makroökonomie, 8. Aktualisierte Auflage, 2021, Pearson Studium
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| Changing subject? |
No |
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| On-site course |
| Maximum number of participants |
200 |
| Assignment procedure |
Assignment according to priority |
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This course is additionally offered in the following versions: |
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